- Peter St. Ange discusses China's plan to replace the US as the global superpower.
- China's impact on US weapons, rising inflation, and the potential for stagflation.
- Uncovering the true magnitude of the federal deficit and the hidden student loan bailout.
- Exploring the consequences of corporate welfare and the rising presence of illegal immigrants.
- The role of the Federal Reserve in managing the economy and the dangers of excessive federal spending.
25:15
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Quick takeaways
China's Belt and Road Initiative aims to solidify its control over numerous countries and replace the US as the world hegemon through infrastructure investment.
Rising inflation expectations in the US, combined with lack of action to control federal spending, put the economy at risk of a prolonged recession and a Japan-style zombie economy.
Deep dives
China's Push for Global Dominance
China's Belt and Road Initiative aims to replace the US as the world hegemon by investing in Chinese infrastructure in numerous countries. By offering a checkbook for infrastructure projects, China solidifies its control over these countries while providing modern ports, trains, power plants, telecom networks, and apartment complexes. Chinese companies are handed control over the infrastructure, including major ports in Greece, Italy, Spain, and Belgium. This push for dominance comes as China hardens itself against the US, selling US strategies, and preparing for a potential conflict.
Inflation Concerns and Deceptive Fed Tactics
Inflation expectations in the US are rising, as revealed by the University of Michigan survey. The Federal Reserve considers inflation expectations a significant concern as it implies permanent inflation. However, the Fed conducts deception by downplaying the inflation, relying on cooked statistics and promising that inflation will go away soon. In recent years, inflation expectations have consistently been too low, leaving Americans unprepared for rising prices. With inflation expectations near 4%, the actual prices over the next year could potentially be worse. The lack of action to control federal spending and persistent deception exacerbate the inflation problem.
Fiscal Death Spiral and Prolonged Recession
The US is spiraling into a fiscal death spiral, with federal deficits reaching unsustainable levels and forecasts projecting an alarmingly high debt of 144 trillion dollars in the next 20 years. Federal spending, debt service, recessions, and continuous wars further worsen the situation. The lack of serious measures to address federal spending puts the economy at risk of a prolonged recession and a Japan-style zombie economy. Despite the warning from the Federal Reserve Chair about unsustainable spending, Congress shows no sign of curbing its excessive expenditures. The US is heading towards a fiscal crisis, and the consequences will be severe.
- With America Distracted, China makes a Play - Fed's Worst Nightmare as Inflation Expectations Soar - Young more Worried about inflation than Climate Change - The Deficit just got $300 billion Bigger - Powell Finally Criticizes Federal Spending - Our Coming Japan-style Zombie Economy - Sweden's Central Bank goes Bankrupt
Read the full article "How they Sell Inflation" at https://www.profstonge.com
For more content like this visit www.peterstonge.com. And I’m always on Twitter as @profstonge